DOWNLOAD OUR APP
IndiaOnline playstore
01:53 AM | Fri, 30 Sep 2016

Download Our Mobile App

Download Font

SC allows SEBI to sell Sahara properties

184 Days ago

subrataroy290316

New Delhi : The Supreme Court on Tuesday allowed market regulator SEBI to go ahead with the sale of Sahara properties whose unencumbered title deeds are in its possession. The step is being taken to recover investors' money that Sahara groups' two companies had collected from public through Optionally Fully Convertible Debentures.

The apex court bench headed by Chief Justice T.S. Thakur said that the market regulator would appoint an agency to decide the mechanism for the sale of Sahara properties. The court said that properties would not be sold at a price that is less than 90 percent of the prevailing circle rates.

The SEBI will appoint an agency to work out the mechanism for the sale of properties which are stated to be worth Rs.40,000 crore.

The entire process would be undertaken under the supervision of former Supreme Court judge Justice B.N. Agarwala and Sahara would be kept informed about the steps being taken for the sale of its properties. (IANS)

Viewed 131 times
  • SHARE THIS
  • TWEET THIS
  • SHARE THIS
  • E-mail

Our Media Partners

app banner

REVOLUTIONARY ONE-STOP ALL-IN-1 MARKETING & BUSINESS SOLUTIONS

  • Digital Marketing
  • Website Designing
  • SMS Marketing
  • Catalogue Designing & Distribution
  • Branding
  • Offers Promotions
  • Manpower Hiring
  • Dealers
    Retail Shops
    Online Sellers

  • Distributors
    Wholesalers
    Manufacturers

  • Hotels
    Restaurants
    Entertainment

  • Doctors
    Chemists
    Hospitals

  • Agencies
    Brokers
    Consultants

  • Coaching Centres
    Hobby Classes
    Institutes

  • All types of
    Small & Medium
    Businesses

  • All types of
    Service
    Providers

FIND OUT MORE